Kanye West Is Reportedly Worth $6.6 Billion
I’m sure everyone, even Kanye West’s accountant, just reached for the nearest grain of salt before proceeding. Because we’ve heard Forbes describe Kayne as being almost a billionaire, which was followed by a story about how he is certainly a billionaire, and not long after that, Kanye himself filed paperwork that indicated that maybe he was just a millionaire. Bloomberg has recently claimed that Kanye isn’t only a billionaire, he’s a billionaire six times over.
Kanye is reportedly worth $6.6 billion, which feels like a number totally pulled out of thin air by Kanye himself (you can’t tell me that you don’t hang around the Kris Jenner for as long as he did without the number 666 burying itself somewhere into his subconscious). Bloomberg estimates that it’s from Kanye’s business investments and fashion empire. Last June it was reported that Kanye had signed a 10-year deal with Gap to sell Yeezy there, a brand which shall be creatively called Yeezy Gap. The details of that deal were not made public, but Bloomberg says that it’s estimated to make up nearly 1/6th of his net worth. via People:
Led by his sneaker and apparel business Yeezy, which is now in partnership with Adidas AG and Gap Inc., the business is valued between $3.2 billion and $4.7 billion by UBS Group AG.
The value of the new Gap collaboration with Yeezy, which is scheduled to hit stores this summer, “could be worth as much as $970 million of that total,” Bloomberg reported, citing a bank estimate.
Bloomberg also points out that Kanye allegedly has $122 million in cash and stocks as well as his $110 million music catalog. $1.7 billion of his net worth allegedly streams in from various investments, like in Kim Kardashian’s SKIMS shapewear line. Despite having money in SKIMS, Kanye reportedly has changed his phone numbers and refuses to speak to his future ex-wife Kim.
If Bloomberg’s estimation is correct, Kanye West is the richest Black man in the United States. Although I have some issues with everyone’s accounting. Because according to Bloomberg, Robert F. Smith has a net worth of $7.05 billion.
So Kanye is (allegedly) a multi-billionaire with a multi-billion dollar shoe business, tons of cash, money from a successful entertainment career. And nearly a $1 billion from the Gap, allegedly. And Bloomberg estimates that Yeezy Gap could potentially bring in $150 million in sales in its first full year, ending in 2022. That’s great, but Kanye signed a TEN YEAR deal with The Gap. Year two could have bigger sales, but then Kanye is going to lose interest in the khakis (he’ll declare pants “so over“). He’ll then announce his creative spirit is telling him to reinvent the essence of being covered, and then demand full control over change room makeovers. Oh, and he wants to use some very expensive travertine from a very expensive plane ride away. After that, drunk on power and old bottles of Gap Dream, he’ll announce he’s redesigning every store as a luxury concept experience. And you know what happens when you put him in charge of windows, floors, and doors. It’s not good!
Pic: Wenn.com